Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease
The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today’s meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG’s networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG.
For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year’s financial result is expected.
Publication date: 21.08.2019, 03:23pm (CET)